Customer

A customer (sometimes known as a client, buyer, or purchaser) is the recipient of a Good or a service, or a product, or an idea, obtained from a seller, vendor, or supplier via a financial transaction or exchange for money or some other valuable consideration. Etymologically, a client is someone merely inclined to do business, whereas a purchaser procures goods or services on occasion but a customer customarily or habitually engages in transactions. This distinction is merely historic. Today customers are generally categorized into two types:

  • An entrepreneur' or trader (sometimes a commercial Intermediary) who is a dealer that purchases goods for re-sale.
  • An end user or ultimate customer who does not re-sell the things bought but is the actual consumer or an agent such as a Purchasing officer for the consumer.
  • A customer may or may not also be a consumer, but the two notions are distinct, even though the terms are commonly confused. A customer purchases goods; a consumer uses them. An ultimate customer may be a consumer as well, but just as equally may have purchased items for someone else to consume. An intermediate customer is not a consumer at all. The situation is somewhat complicated in that ultimate customers of so-called industrial goods and services (who are entities such as government bodies, manufacturers, and educational and medical institutions) either themselves use up the goods and services that they buy, or incorporate them into other finished products, and so are technically consumers, too. However, they are rarely called that, but are rather called industrial customers or business-to-business customers. Similarly, customers who buy services rather than goods are rarely called consumers.

    Latest News for: Offshore market

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    Kongsberg Maritime Secures Contract to Equip Bibby Marine's eCSOV

    The Maritime Executive 18 Feb 2025
    ... first full-electric offshore vessel ... Birger Teien Evensen, Sales DirectorOffshore, at Kongsberg Maritime, said, “We are delighted to be part of this groundbreaking project with Bibby Marine, as they take hybrid operations in the offshore market, to the next level....
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    Kongsberg Maritime to Equip Bibby Marine's Groundbreaking eCSOV

    The Maritime Executive 18 Feb 2025
    ... first full-electric offshore vessel ... Birger Teien Evensen, Sales DirectorOffshore, at Kongsberg Maritime, said, “We are delighted to be part of this groundbreaking project with Bibby Marine, as they take hybrid operations in the offshore market, to the next level....
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    Republic’s almost €73bn exposure to Donald Trump’s tariffs

    The Irish Times 18 Feb 2025
    The bulk of this is pharma and organic chemicals produced by US multinationals here for the US market. This offshoring of US pharma production is now ......
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    China’s Yuan Declines as Dollar Rebounds Amid Trade Policy Uncertainty

    Emirates 24/7 18 Feb 2025
    The offshore yuan also declined, trading at 7.2744 per dollar, down 0.1% in Asian trade. Market participants remain cautious as Beijing has yet to implement immediate policy measures to counter the economic effects of tariffs, while the U.S ... “While the market waits for ......
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    Balmoral teams with Korean firms for work on Equinor’s floating wind farm

    Splash24/7 17 Feb 2025
    The Firefly project was selected and LS Cable & System’s partnership with Equinor will give it an early market advantage ... “Although floating offshore wind currently accounts for only about 1% of the market, it is expected to grow rapidly,” an LS C&S official stated....
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    Van Oord lands new Polish offshore wind contract

    Splash24/7 17 Feb 2025
    The new contract for Van Oord adds to the company’s Polish offshore wind market backlog with monopile installation work secured on the 1.5 GW Baltica 2 developed by Ørsted and PGE Polska Grupa Energetyczna and 1.2 GW Baltic Power developed by ORLEN and Northland Power....
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    Kongsberg Maritime to Equip Bibby Marine’s Fully-Electric CSOV

    MarineLink 17 Feb 2025
    The new eCSOV will feature the largest ever battery installation on an offshore vessel, with a capacity of 25MWh ... “We are delighted to be part of this groundbreaking project with Bibby Marine, as they take hybrid operations in the offshore market, to the next level....
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    Hong Kong to bolster listing regime and trading mechanism

    Hong Kong Standard 17 Feb 2025
    The Connect schemes linked with mainland markets are expected to be expanded further as well, Hui said....
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    2025 CFD Markets Outlook: Mitrade Reinforces Trader Care Amid Rising Regulatory Pressures

    Finance Magnates 17 Feb 2025
    Contracts-For-Difference (“CFD”) markets in 2025 stand at a crossroads, shaped by geopolitical shifts, regulatory crackdowns, and economic pressures that are setting the tone for the industry's future ... Oversight standards vary considerably across jurisdictions, with offshore markets remaining particularly susceptible to compliance gaps....
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    MARAD Approves Texas GulfLink Deepwater Oil Port

    gCaptain 17 Feb 2025
    “With this approval, we are increasing our energy revenue and unlocking our vast oil resources—not just for domestic security, but to dominate the global market.”. The GulfLink project encompasses a deepwater port with one fixed offshore platform, 45 statute miles of pipeline infrastructure, and a booster station....
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    Trump's broadside against wind industry puts projects that could power millions of homes at risk

    NBC Bay Area 16 Feb 2025
    Trump has launched a broadside against the wind industry, pausing new leases for offshore projects and halting new permits pending a review ... Offshore wind in the U.S ... Offshore wind, however, is a much less mature market in the U.S ... as a market for continuous offshore wind expansion as long as this order is in place," the analyst said....
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    DeepSeek drives $1.3 trillion stock rally in China

    Business Line 16 Feb 2025
    China’s onshore and offshore equity markets have added more than $1.3 trillion in total value in just the past month amid such reallocations, while India’s ......
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    China tops hedge funds’ shopping lists so far this year, Goldman says

    Hellenic Shipping News Worldwide 16 Feb 2025
    Onshore and offshore Chinese equities combined are by far the “most ......

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